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Showing 1 - 4 of 4 results for "Justice Derrington"

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... said. "Appeals by way of rehearing are not de novo proceedings. Rather, they are for the correction of error." Justice Derrington acknowledged that raising new grounds on appeal can sometimes be appropriate but held that where a party deliberately ran ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... financial services business is an important part of the regulatory framework for the protection of investors," Justice Derrington said. "Mr Hodgson adopted a laissez-faire approach to compliance with the financial services law." This was not the first ...

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... person's view. Following this, APRA agreed to put the conditions on ice until BUSSQ had its day in court. Justice Derrington threw out BUSSQ's case last month and ordered the fund to cover APRA's costs, however, BUSSQ doubled down, lodging ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... purpose. Naseeruddin is accused of replicating the same business model for Acquila Group, where he was a director. Justice Derrington said: "That is to say that, whilst Mr Naseeruddin and Aquila Group received funds from investors for investing in building ...
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